Qualcomm Ventures commits to invest up to ₹730 cr. in Jio Platforms
Qualcomm Ventures commits to invest up to ₹730 cr. in Jio Platforms
Reliance Industries Ltd. (RIL) and Jio Platforms Ltd. have announced that Qualcomm Ventures, the investment arm of Qualcomm Incorporated, has committed to invest up to ₹730 crore in Jio Platforms at an equity value of ₹4.91 lakh crore and an enterprise value of ₹5.16 lakh crore.
Qualcomm Ventures’ investment will translate into 0.15% equity stake in Jio Platforms on a fully diluted basis.
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